can money be given to heirs before estate is finalized since there is a 6 month waiting period in Il for creditors to come forward?
Answer
It's possible, but in most cases not prudent: If there is enough money in the estate to cover all creditor claims, a partial distribution can be made before the estate is settled, but it's not usually done because of the uncertainty as to who the creditors are. A surviving spouse and dependent children (through their parent or guardian) can be awarded a statutory distribution when the executor or administrator is appointed. Check with your attorney for the specifics.
Answer
Very well answered by Attorney Prihoda.
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